Edge Capital Group LLC Decreases Position in Hasbro, Inc. (NASDAQ:HAS)

Edge Capital Group LLC trimmed its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,173 shares of the company’s stock after selling 926 shares during the period. Edge Capital Group LLC owned approximately 0.06% of Hasbro worth $7,944,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HAS. Ronna Sue Cohen raised its holdings in shares of Hasbro by 8,221.2% during the first quarter. Ronna Sue Cohen now owns 3,609,174 shares of the company’s stock valued at $3,609,000 after purchasing an additional 3,565,801 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Hasbro by 88.5% during the first quarter. Artisan Partners Limited Partnership now owns 957,518 shares of the company’s stock valued at $81,408,000 after buying an additional 449,569 shares during the period. Great Lakes Advisors LLC grew its position in Hasbro by 76.0% during the first quarter. Great Lakes Advisors LLC now owns 447,159 shares of the company’s stock valued at $38,018,000 after buying an additional 193,061 shares during the period. Janus Henderson Group PLC grew its position in Hasbro by 5.0% during the first quarter. Janus Henderson Group PLC now owns 3,281,110 shares of the company’s stock valued at $278,963,000 after buying an additional 155,935 shares during the period. Finally, Geode Capital Management LLC grew its position in Hasbro by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 1,746,932 shares of the company’s stock valued at $141,722,000 after buying an additional 109,854 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

In other Hasbro news, EVP Stephen J. Davis sold 4,200 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $98.24, for a total value of $412,608.00. Following the completion of the transaction, the executive vice president now directly owns 39,238 shares in the company, valued at $3,854,741.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 9.30% of the company’s stock.

HAS opened at $111.41 on Tuesday. The company has a market capitalization of $14.33 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 2.26 and a beta of 1.04. Hasbro, Inc. has a 1-year low of $76.84 and a 1-year high of $126.87. The stock has a 50 day moving average price of $110.83. The company has a current ratio of 2.64, a quick ratio of 2.11 and a debt-to-equity ratio of 0.99.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.27. The business had revenue of $984.54 million during the quarter, compared to analyst estimates of $958.91 million. Hasbro had a net margin of 6.69% and a return on equity of 30.92%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. Equities research analysts expect that Hasbro, Inc. will post 4.71 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.68 dividend. The ex-dividend date is Thursday, October 31st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.44%. Hasbro’s payout ratio is currently 70.65%.

Several analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Hasbro from $95.00 to $99.00 and gave the company a “hold” rating in a research report on Monday, July 15th. ValuEngine upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. BMO Capital Markets boosted their target price on shares of Hasbro from $93.00 to $105.00 and gave the company a “market perform” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. DA Davidson boosted their target price on shares of Hasbro from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Barclays boosted their target price on shares of Hasbro from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $118.85.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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